EMCC European Monitoring Centre on Change

Bricostore Hungária Barkácsáruház

Company/Organisation:
Bricostore Hungária Barkácsáruház

Geographic Location

Country: Hungary
Location of affected unit(s): Törökbálint, Győr, Budakalász, Fót, Soroksár, Székesfehérvár, Csömör, Szekszárd, Miskolc

Company

Sector: Retail
Wholesale and retail trade; repair of motor vehicles and motorcycles
47.5 - Retail sale of other household equipment in specialised stores
Number Employed: 670
Group: Bricostore Holding S.A.S

Employment Effects

Announcement Date: 15-11-2012
Planned Job Reductions min: 670
Planned Job Reductions max: 670
Type of Restructuring: Closure
Foreseen End Date: 31-12-2012
Direct Dismissals: 670

Additional Information

On 15 November 2012 the French-owned home improvement chain Bricostore announced the closure of its nine stores in Hungary, dismissing all 670 employees.

Parallel to this the company reportedly expands its activity in Romania; nonetheless there does not seem to be a direct relocation process.

Bricostore Hungaria has been present in the country since 1997 and the last store was opened in 2007, in Miskolc. The company aimed to increase the number of stores to 12, but since 2009 the company’s losses appear to have gradually increased.